Estate of Gribauskas v. Commissioner
United States Tax Court
In late 1992, D and his former spouse won a Connecticut LOTTO prize payable in 20 annual installments. At the time of his death in 1994, D was entitled to receive 18 further annual payments of $ 395,182.67 each. HELD: The lottery payments must be included in D's gross estate and valued for estate tax purposes through application of the actuarial tables prescribed under sec. 7520, I.R.C.
1Opinion of the Court
ESTATE OF PAUL C. GRIBAUSKAS, DECEASED, ROY L. GRIBAUSKAS AND CAROL BEAUPARLANT, CO-EXECUTORS, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Estate of Gribauskas v. Commissioner
No. 3107-98
United States Tax Court
116 T.C. 142; 2001 U.S. Tax Ct. LEXIS 12; 116 T.C. No. 12;
March 8, 2001, Filed
Decision will be entered under Rule 155.
In late 1992, D and his former spouse won a Connecticut
LOTTO prize payable in 20 annual installments. At the time of
his death in 1994, D was entitled to receive 18 further annual
payments of $ 395,182.67 each.
HELD: The lottery payments must be included in D's…
2Cases cited23 opinions
- Estate of Christ v. Comm'rUnited States Tax Court · 1970
- Estate of Daisy F. Christ, Deceased, Robert Johnson Christ v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1973
- Simpson v. United StatesSupreme Court of the United States · 1920
- Weller v. CommissionerUnited States Tax Court · 1962
- Jennings v. CommissionerUnited States Tax Court · 1948
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